On the other hand, he referred to the negotiations being carried out by Argentina and agreed with the position that the Fund should agree in an “extraordinary” way with Argentina due to the magnitude of the debt: “No one in their right mind can pretend that Argentina use the same rates, the same times, the same interest rates to repay excessive credit as if you had used to repay reasonable credit. The credit was insane, the program has to be extraordinary by Fund standards. “
Agis said that “you do not have to advertise a program hoping that this announcement will generate confidence” but, conversely, obtain dollars to give confidence that there is support with which to bank the program.
For the economist, the position of not paying the Fund is “irresponsible” and added: “The IMF is as guilty as the Macri government of the debt disaster they took, the economic program and the disaster they left behind. But it would be very comfortable for them. To say that we do not pay the Fund is an irresponsible position. If you fight with the Fund, all sources of dollars are reduced to zero. It touches to swallow a toast ”.
The position of the opposition
“Argentina’s position of negotiating hard with the fund is absolutely reasonable and should be supported by the entire political arc.” Regarding the internship of Together for Change, he declared: “This joke about hawks and pigeons seems to me to predict a very complicated future: in nature and in politics, hawks eat pigeons. Or pigeons. They buy some kind of weapon or we are going to be left in the hands of the hawks. “
He also questioned the government about the internal ones that prevent it from consolidating support across the entire political spectrum: “If you want to invite the opposition to a solid negotiation, you first have to have an internal consensus ”.
What are the alternatives that the government has
“When a government takes measures to avoid a devaluation, it is avoiding a recession”, “if by rushing with the government’s agreement with the Fund they put me in a recession, I have to negotiate better. But the longer I delay in the negotiation, I get a recession. That is why the Fund delays the negotiation, it knows that it has us on the ropes ”, he admitted.
In this sense, he raised the possibility that a two-year “transition” agreement could be signed, until the fiscal variables were stabilized and the disagreements in fiscal matters with the agency were less relevant: “that there is a fiscal disagreement is that you are negotiating with the Fund. The fund learned little and the internal audit report is using it as toilet paper “
Forcefully, he stated: “If the IMF asks Argentina to return to a balanced budget in three years, then they have learned nothing or it is not convenient for a government of this political nature to have an agreement.”
“Zero deficit in 2024 is to give me back $ 47 million tomorrow. If this is irreducible, I agree that we will not close. Let’s go back to back and hold on.”
Source From: Ambito
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